The Cyprus Securities and Exchange Commission’s new Innovation Hub

The Cyprus Securities and Exchange Commission (“CySEC”) has announced that it is to establish an Innovation Hub, designed to address and explore the rise of FinTech and RegTech developments. The purpose of the Innovation Hub is to foster a better, more effective relationship with entities operating in these rapidly-evolving sectors and improve the way they […]

The Limassol Economic Forum

Elias Neocleous & Co LLC is pleased to continue its successful association with The Limassol Economic Forum, which will take place on Friday, 19 October 2018. Now in its ninth year, the forum is the biggest and most important business gathering in Cyprus, and has become a major platform of debate on political, economic and […]

Amendments to the tax laws to facilitate loan restructuring

The package of legislative measures passed by the Cyprus parliament on 8 July aimed at encouraging the resolution of non-performing loans included an extension of the current tax exemptions in connection with transfers of immovable property from a borrower to the lender in the course of loan restructuring to borrowers who dispose of the property […]

Elias Neocleous’s interview with China Business Law Journal

Elias Neocleous, managing partner of our firm, was one of a select panel of international legal experts interviewed by China Business Law Journal for its recent feature on the role of offshore jurisdictions in the development of disruptive technologies. China Business Law Journal is published by Vantage Asia Publishing Limited, an independent publisher based in […]

Recent Tax Developments In Cyprus


Mandatory online payment of taxes

The Cyprus Tax Department has issued a further reminder to taxpayers that most direct taxes may now only be paid online via the website The taxes concerned are income tax withheld from earnings under PAYE, reduction of wages in the wider public sector, interim and final income tax of natural or legal persons, and […]

Recent announcements from the Cyprus Securities and Exchange Commission

The Cyprus Securities and Exchange Commission has issued a circular to entities it supervises drawing their attention to article 5A of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007, which makes it a criminal offence for sellers of high-value goods such as jewellery, motor vehicles or works of art to […]